Nearly 60 days ago I predicted in my own blog that oil would fall below $100 a barrel in six months. Since then oil has dropped from a high of $150 to $112 a barrell. I stand by my prediction.

I predicted that Mc Cain will beat Obama by 6% points, noting that “Obama will suffer further setbacks after debates with McCain.” The news is now noting how well McCain did in their first forum at Saddleback, even accusing McCain of cheating, getting questions ahead of time- a charge which he denies.

To accuse the old man of such he must have been pretty good. (I did not see the forum.)

Lastly, I also noted, “The mortgage banking debacle will bottom …”. Since then Colonial Bank has nearly doubed off its bottom and many banks have had a nice bounce. (quality banks have rebounded much better than most).

My predictions are a combination of wishful and contrarian thinking, There is no research involved. It is also helpful to delete the predictions that are wrong….. whenever that happens.

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